Property profile

383 Indian Rd Grand Junction, CO 81501

OFF-MARKET
Flex space
Property ID
US13-0473973
3,456 SF 0.27 ac lot Built 2005
Entity Owned Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity in Grand Junction, Colorado. This 3,481 square foot flex space boasts a 5.49% cap rate and a strong net operating income of $32,922. The property, located at 383 Indian Road, sits on a 0.27-acre lot and features a versatile layout including 2,700 square feet of warehouse space, 300 square feet of office space, and a 481 square foot mezzanine. Amenities include two bathrooms, a washer room, two 14-foot overhead doors, central air conditioning and forced-air heating, pole signage, a fenced side yard, and five parking spaces (one ADA compliant). Currently vacant, this single-story, 2005-built building is zoned I-1, allowing for a wide range of uses, including assembly, vocational/trade schools, medical/dental clinics, animal hospitals, breweries/distilleries, food service, office, retail, vehicle repair, industrial manufacturing, storage, and more. The property is offered at $600,000 as an absolute NNN lease investment. Seller financing and down payment assistance are available. The APN is 2945-241-00-016. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2005
Construction STEEL FRAME
Total area 3,456 SF
Lot 0.27 ac (11,761 SF)
Zoning code I-1
APN 2945-241-49-002
UPID US13-0473973

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

383 Indian Rd Grand Junction, CO 81501-3816
Grand Junction metro Census 801 GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2025
Last sale
$550,000
4 recorded transactions
2025
$550,000
2024
$400,000
2016
Price N/A
2010
$345,000

Zoning & alternative use

I-1 · Grand Junction, CO
Zoning description

Industrial Light, I-1 § 21.03.070(e) I-2: General Industrial Industrial General, I-2 § 21.03.070(f) (b) Purpose. The Industrial zone districts are intended to: (1) Promote the retention of existing industrial businesses…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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